International Finance - Pilbeam, Keith
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This is the second edition of the internationally renowned textbook for undergraduate and MBA students in international finance, international monetary economics and international economics. It provides a comprehensive coverage of both traditional and modern theories relating to the balance-of-payments and exchange rate determination. Similarities and differences between the major theories are highlighted and each theory is followed by a critical appraisal which examines its contribution, limitations and real world relevance. An evaluation of the empirical evidence on the theories discussed is…mehr

Produktbeschreibung
This is the second edition of the internationally renowned textbook for undergraduate and MBA students in international finance, international monetary economics and international economics. It provides a comprehensive coverage of both traditional and modern theories relating to the balance-of-payments and exchange rate determination. Similarities and differences between the major theories are highlighted and each theory is followed by a critical appraisal which examines its contribution, limitations and real world relevance. An evaluation of the empirical evidence on the theories discussed is a major feature of the book.

Introduction
PART 1: BALANCE-OF-PAYMENTS THEORY AND POLICY
The Foreign Exchange Market
The Balance-of-Payments
Elasticity and Absorption Approaches to the Balance-of-Payments
Macroeconomic Policy in an Open Economy
The Monetary Approach to the Balance-of-Payments
PART 2: EXCHANGE-RATE DETERMINATION: THEORY, EVIDENCE AND POLICY
Purchasing Power Parity and Floating Exchange-Rate Experience
Monetary Models of Exchange-Rate Determination
The Portfolio Balance Model
Empirical Evidence on Exchange Rates
Fixed, Flexible and Managed Exchange Rates
PART 3: THE POSTWAR INTERNATIONAL MONETARY SYSTEM
The Postwar International Monetary System
The Eurocurrency and Eurobond Markets
Derivatives: Currency Futures, Options and Swaps
International Policy Co-ordination
International Debt
European Monetary Union and the European Monetary System
Autorenporträt
KEITH PILBEAM lectures in International Finance at City University, London. A Graduate of Leeds University he has undertaken postgraduate studies at the College of Europe in Bruges, where he also became a teaching assistant. He obtained his Ph.D. from the European University Institute in Florence and has been employed at the National Westminster Bank and the Royal Bank of Scotland. He is a consultant to the Foreign Office and a number of academic and city financial institutions. He is the author of two other books, Exchange Rate Management: Theory and Evidence and Finance and Financial Markets, both published by Macmillan.